BT Financial Group gets MySuper sign-off
BT Financial Group announced this week that it had received Australian Prudential Regulation Authority (APRA) approval for its MySuper licences and would launch actively-managed "lifestage" funds as its MySuper solution.
It said its use of "lifestage funds" meant that asset allocations automatically changed to be more conservative as a person neared retirement age.
The company said it had received MySuper approvals with respect to:
- BT Super for Life
- BT Lifetime Super - Employer Plan
- BT Business Super
- Asgard Employee Super Account
BT Financial Group's general manager of superannuation, Deanne Stewart, said the company was well-placed under the MySuper regime as a result of its strong history actively managing lifestage funds.
BT Financial Group's MySuper products will be available from 1 October 2013.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
